AUGUSTA COUNTY MARKET REPORT April 2016
Presented by:
K L I N E RMe aAl tYy
STAUNTON, WAYNESBORO & AUGUSTA COUNTY Units Sold Year to Date
12 Month Residential Sales
12 Month Average Sales Price
14.75%
7.22%
2.44%
389
1,440
$191,577
*Differences indicated from April 2015 Greater Augusta Association of REALTORS速 statistics, as of April 30, 2016
STAUNTON Units Sold Year to Date
12 Month Residential Sales
12 Month Average Sales Price
24.14%
10.44%
1.76%
108
349
$160,332
*Differences indicated from April 2015 Greater Augusta Association of REALTORS速 statistics, as of April 30, 2016
WAYNESBORO Units Sold Year to Date
12 Month Residential Sales
12 Month Average Sales Price
75
297
$160,441
-5.06%
-1.33%
-1.77%
*Differences indicated from April 2015 Greater Augusta Association of REALTORS速 statistics, as of April 30, 2016
AUGUSTA COUNTY Units Sold Year to Date
12 Month Residential Sales
12 Month Average Sales Price
19.08%
9.37%
3.52%
206
794
$216,957
*Differences indicated from April 2015 Greater Augusta Association of REALTORS速 statistics, as of April 30, 2016
SALES ACTIVITY THIS MONTH RESIDENTIAL SALES BY MONTH Augusta County, Including Staunton and Waynesboro Monthly Sales, 2013-2016
What This Chart Shows: Residential home sales by month, over the past 3 years. This chart helps show seasonal trends in home sales.
Bottom Line: April’s total of 130 closed sales was the highest monthly total for April in the past several years, continuing the steady acceleration we have seen in the Augusta County market over the last two months. Source: Greater Augusta Association of REALTORS® Multiple Listing Service, 4/30/16
SALES ACTIVITY THIS MONTH RESIDENTIAL PROPERTIES PLACED UNDER CONTRACT Harrisonburg and Rockingham County 2013-2016
What This Chart Shows: The number of residential properties on which Buyers and Sellers entered into contracts each month. This is an excellent indicator of future sales.
Bottom Line: Buyers ratified contracts on 136 homes listed for sale during the month of April, a strong number, although a decline from the extraordinary buyer activity that we saw in March. Source: Greater Augusta Association of REALTORS速 Multiple Listing Service, 4/30/16
SALES TRENDS RESIDENTIAL UNITS SOLD YEAR TO DATE Augusta County, Including Staunton and Waynesboro April 30, 2016
What This Chart Shows: Total residential sales from January 1 until the date on this chart, for each of the past five years.
Bottom Line: Averaging nearly 100 sales per month during the first four months of this year, residential sales in Augusta County are at historically strong levels. When taking into consideration that these four months include two winter months, we expect the pace of sales to increase even more over the summer. Source: Greater Augusta Association of REALTORS速 Multiple Listing Service, 4/30/16
SALES TRENDS 12-MONTH RESIDENTIAL SALES Augusta County, Including Staunton and Waynesboro As of April 30
What This Chart Shows: Total sales for the last 12 months, as of the date on the chart. This is one of the best ways to see the true long term trend in the market.
Bottom Line: The 12 months sales trend, the best measure of true activity, shows clear increases over the past several years with this month’s total over 7% over the April 2015 total. This rate of steadily increasing but not runaway sales is indicative of a healthy market. Source: Greater Augusta Association of REALTORSŽ Multiple Listing Service, 4/30/16
PRICING AVERAGE AND MEDIAN PRICE, 12 MONTH SALES Augusta County, Including Staunton and Waynesboro April 30, 2016
What This Chart Shows: 12 months average and median sales prices as of the date on the chart.
Bottom Line:
The long term trend in home values has been steadily increasing at a moderate, sustainable pace with the current 12 month average nearly 2.5% higher than last year’s. The median price, probably the best measure of value, increased nearly 4.25% over last year, a reasonable increase that is welcome news for Sellers. Source: Greater Augusta Association of REALTORSŽ Multiple Listing Service, 4/30/16
INVENTORY MONTHS SUPPLY OF INVENTORY Augusta County, Including Staunton and Waynesboro April 30, 2016
What This Chart Shows: Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales.
Bottom Line:
In terms of inventory, there is a 6.74 month “supply” of homes for sale at the current pace of sales, which is nearly the same as last month. A supply in the 5-6 month range is considered to be indicative of a healthy market, with neither a shortage, nor an oversupply of homes for sale. Source: Greater Augusta Association of REALTORS® Multiple Listing Service, 4/30/16
MEET OUR REALTORS速
Minnie Stevenson Managing Broker 540-480-0648
Barbara Beverage 540-430-0919
Karen Carpenter 540-292-0352
Ed Davis 540-943-7410
Russ Davis 540-437-9503
Derek Flory 540-448-2702
Susan Gibson 540-487-1000
Lucy Harris 540-569-0778
Cody Persinger 540-292-9224
Jupie Wagner 540-294-3411
Tim Wilday 540-272-7278
Tammy Wiles 540-487-3044
2352 JEFFERSON HWY WAYNESBORO, VA 22980 FIRM PHONE NUMBER - 540.943.7410
Chad Gensel 540-910-0838
READ MORE ON: Our Facebook Page...
Thanks for reading,
K L I N E RMe aAl tYy